To see if you are entitled to get this research for free, take a minute and create a free e-Library account. This will let us determine if someone else at your organization has already purchased access to this material.

This quarterly economic forecast for the province of Alberta examines the economic outlook for the province, including gross domestic product (GDP), output by industry and labour market conditions.

Document Highlights

Strong oil production and drilling activities in 2017 have lifted Alberta out of its worst recession in more than half a century.

Alberta outpaced Canada as a whole in 2017, with robust economic growth of 6.7 per cent. But, growth will moderate to 2.1 per cent in 2018 and 1.6 per cent in 2019 as the oil and gas sector goes through a slow recovery and oil sands investment stabilizes at a low level.

Spending on durable goods rose 9.0 per cent this year as consumers went on a post-recession buying spree. But durable good expenditures are expected to slow to 0.7 per cent in 2018.

Low oil prices will continue to weigh on business investment.

Growth in exports will moderate in the near term as Alberta’s oil production advances at a more modest pace.

To see if you are entitled to get this research for free, take a minute and create a free e-Library account. This will let us determine if someone else at your organization has already purchased access to this material.

Update Interests

This report is tagged with the following interests that are not in your profile:

Click here to
add these interests to your profile and you will receive a notification when a report
with the same interests is released.